Scotiabank Estimates Asana’s FY2025 Earnings (NYSE:ASAN)

Asana, Inc. (NYSE:ASAN) – Scotiabank issued their FY2025 earnings per share (EPS) estimates for shares of Asana in a report released on Wednesday, January 8th. Scotiabank analyst A. Verkhovski anticipates that the company will post earnings of ($1.09) per share for the year. Scotiabank has a “Sector Perform” rating and a $18.00 price target on the stock. The consensus estimate for Asana’s current full-year earnings is ($1.09) per share. Scotiabank also issued estimates for Asana’s FY2026 earnings at ($0.88) EPS.

ASAN has been the subject of several other research reports. KeyCorp raised Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price target for the company in a research note on Friday, December 6th. Jefferies Financial Group boosted their price objective on shares of Asana from $16.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Royal Bank of Canada reiterated an “underperform” rating and issued a $10.00 price objective on shares of Asana in a report on Friday, December 6th. Oppenheimer upped their price objective on Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Asana from $13.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.27.

Asana Price Performance

NYSE ASAN opened at $19.23 on Monday. The company has a market cap of $4.40 billion, a PE ratio of -17.17 and a beta of 1.10. Asana has a 52 week low of $11.05 and a 52 week high of $27.77. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm’s 50-day simple moving average is $18.51 and its two-hundred day simple moving average is $14.86.

Institutional Investors Weigh In On Asana

Institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System raised its position in shares of Asana by 3.6% in the second quarter. Arizona State Retirement System now owns 23,401 shares of the company’s stock worth $327,000 after buying an additional 803 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Asana by 26.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company’s stock worth $70,000 after purchasing an additional 1,028 shares in the last quarter. KBC Group NV lifted its stake in shares of Asana by 52.1% in the 3rd quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after purchasing an additional 1,211 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Asana by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 49,096 shares of the company’s stock worth $687,000 after acquiring an additional 1,888 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. grew its stake in shares of Asana by 18.0% in the second quarter. Retirement Planning Co of New England Inc. now owns 12,491 shares of the company’s stock worth $175,000 after acquiring an additional 1,906 shares during the last quarter. Institutional investors own 26.21% of the company’s stock.

Insiders Place Their Bets

In related news, COO Anne Raimondi sold 27,233 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.71, for a total value of $591,228.43. Following the sale, the chief operating officer now directly owns 733,855 shares of the company’s stock, valued at $15,931,992.05. This represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 63.97% of the stock is owned by corporate insiders.

About Asana

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.